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Old 07-02-2019, 07:50 PM
doreen is offline
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Join Date: Dec 1999
Location: Woodhaven,Queens, NY
Posts: 6,605
Quote:
Originally Posted by rbroome View Post
What I want someone to tell me is how to put a number on a defined benefit plan like social security. While one is alive the value is considerable-it will pay over my remaining lifetime almost ⅓ of my living expense. But the value drops to zero the day we both die. My bank account doesn't. Neither does the value of my house. How am I to compare the two types of savings?
I was about to ask a similar question about my pension - it will pay a set amount per year until my husband and I both die. But when people are talking about $X being enough to retire, I don't know how my pension compares to that.

Last edited by doreen; 07-02-2019 at 07:51 PM.